CFE-Fraud-Prevention-and-Deterrence Exam Dumps - ACFE Certified Fraud Examiner Questions and Answers

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Questions 4

Which of the following is TRUE regarding the communication of the fraud risk assessment process?

Options:

The more personalized the communication, the more effective it will be in encouraging employees to participate

The communication should be made in a format mat is most appropriate for the culture of the organization

The communication should be visibly disseminated throughout the business

All of the above

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Questions 5

International Standard on Auditing (ISA) 240 establishes auditors as being primarily responsible for the establishment of anti-fraud internal controls within an organization.

Options:

True

False

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Questions 6

Which of the following is TRUE regarding proactive fraud auditing procedures?

Options:

Analytical review of the financial statements is best used to uncover small frauds that might be missed by other detection methods.

Fraud assessment Questioning techniques are most appropriately used when attempting to determine who might be responsible for a particular fraud scheme.

Implementing proactive fraud audit procedures demonstrates the organization's intention to aggressively look for possible fraudulent conduct.

Surprise audit procedures are an effective fraud detection mechanism, but they do not help prevent fraud

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Questions 7

According to the 2020 Report to the Nations, which of the following is the MOST COMMON method by which frauds are detected?